Nigeria Sells $416 mln at fx mkt, Naira Dips Again

Date: 08-08-2009 11:35 am (14 years ago) | Author: Teeco Designer
- at 8-08-2009 11:35 AM (14 years ago)
(m)
LAGOS (Reuters) - Nigeria's central bank sold $416 million at 150.31 naira to the U.S. dollar at its foreign exchange auction on Wednesday, short of the $453 million demanded by end-users, traders said on Thursday.

The regulator had sold $460 million at 150.25 naira to the dollar at its auction on Monday, against $525 million demanded. Dealers said higher dollar sales by the central bank had restored some confidence and helped the naira to appreciate on the interbank market.

The naira was trading at 154.70 to the dollar on the interbank market on Thursday compared with 154.90 at Wednesday's close.

The central bank has doubled dollar supply this week at its twice-weekly auctions from around $200 million per auction to $400 million in a step to reduce demand pressure and support the naira.

Dealers said a move by the regulator to stop banks from trading funds purchased at the auctions had impacted positively on the market as demand for dollars was gradually slowing.


Teeco Designer

Posted: at 8-08-2009 11:35 AM (14 years ago) | Addicted Hero
- eyevee at 8-08-2009 01:16 PM (14 years ago)
(f)
how much go reach me?
Posted: at 8-08-2009 01:16 PM (14 years ago) | Upcoming
Reply
- eyevee at 8-08-2009 01:20 PM (14 years ago)
(f)
 Shocked :ohow much go reach me?
Posted: at 8-08-2009 01:20 PM (14 years ago) | Upcoming
Reply
- teeco at 8-08-2009 01:42 PM (14 years ago)
(m)
All the money
Posted: at 8-08-2009 01:42 PM (14 years ago) | Addicted Hero
Reply
- eyevee at 8-08-2009 02:03 PM (14 years ago)
(f)
umm.. my account num na...
help me tell CBN gov sey make im try reach me l8r
Posted: at 8-08-2009 02:03 PM (14 years ago) | Upcoming
Reply
- teeco at 10-08-2009 05:11 PM (14 years ago)
(m)
ok
Posted: at 10-08-2009 05:11 PM (14 years ago) | Addicted Hero
Reply
- eyevee at 10-08-2009 05:15 PM (14 years ago)
(f)
Chei! change dat money 2 naira. how much be dat?
make dem just give me $20,000 make i buy agege bread.
Posted: at 10-08-2009 05:15 PM (14 years ago) | Upcoming
Reply
- teeco at 10-08-2009 05:16 PM (14 years ago)
(m)
Quote from: eyevee on 10-08-2009 05:15 PM
Chei! change dat money 2 naira. how much be dat?
make dem just give me $20,000 make i buy agege bread.

only $20.000 Grin
Posted: at 10-08-2009 05:16 PM (14 years ago) | Addicted Hero
Reply
- divineproject at 10-08-2009 05:23 PM (14 years ago)
(f)
hmmm...okie ooo
Posted: at 10-08-2009 05:23 PM (14 years ago) | Hero
Reply
- teeco at 10-08-2009 05:34 PM (14 years ago)
(m)
hnmmnh
Posted: at 10-08-2009 05:34 PM (14 years ago) | Addicted Hero
Reply
- portiphar at 10-08-2009 08:32 PM (14 years ago)
(m)
if na $20,000 go buy agege bread, how much go buy motor
Posted: at 10-08-2009 08:32 PM (14 years ago) | Gistmaniac
Reply
- teeco at 11-08-2009 12:21 PM (14 years ago)
(m)
Quote from: portiphar on 10-08-2009 08:32 PM
if na $20,000 go buy agege bread, how much go buy motor

 Grin Grin Grin
Posted: at 11-08-2009 12:21 PM (14 years ago) | Addicted Hero
Reply
- portiphar at 12-08-2009 02:57 AM (14 years ago)
(m)
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Posted: at 12-08-2009 02:57 AM (14 years ago) | Gistmaniac
Reply
- portiphar at 12-08-2009 03:03 AM (14 years ago)
(m)
we dey wait for you
Posted: at 12-08-2009 03:03 AM (14 years ago) | Gistmaniac
Reply
- enjoyment at 12-08-2009 05:19 AM (14 years ago)
(m)
better 4 some of us
Posted: at 12-08-2009 05:19 AM (14 years ago) | Gistmaniac
Reply
- teeco at 13-08-2009 11:30 AM (14 years ago)
(m)
lol
Posted: at 13-08-2009 11:30 AM (14 years ago) | Addicted Hero
Reply
- portiphar at 17-08-2009 02:59 AM (14 years ago)
(m)
abi na?
Posted: at 17-08-2009 02:59 AM (14 years ago) | Gistmaniac
Reply
- teeco at 17-08-2009 09:09 AM (14 years ago)
(m)
yea
Posted: at 17-08-2009 09:09 AM (14 years ago) | Addicted Hero
Reply
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